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Domestic market will hold up the development of China's textile industry one day
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Statistics Center of China Textile Industry Association predicted 26, the second half of the overall development of China's textile industry, growth, or will continue to slow down. China's textile exports to slow down the trend will continue, the domestic market will become an important support for the textile industry. The cost pressure and that environmental stress is the capital of China's textile industry needs to face the current outstanding problems. Statistics Center of China Textile Industry Association said the analysts, this year, some areas of the world's political unrest and natural disasters in some areas led to the outbreak of the rising risk of global trade, in addition to the debt crisis in Europe and then the provisional mark, the United States have become a drag on the high fiscal deficit world economic recovery progress of negative factors. Although the global economy is expected to continue recovering, but the speed will slow down, or the international market demand has slowed. Tightening in the international competitive environment under the conditions of China's textile exports to slow down the trend will continue. In China's domestic market, the overall domestic market will remain steady growth and become an important support for the development of the textile industry. However, due to inhibition by factors such as inflation, China's domestic consumption of textile and apparel residents the ability or will be subject to a certain extent. Industry experts advise, from the internal environment, cost pressure and that environmental stress is the capital of China's textile industry needs to face the outstanding issues. Although cotton prices in the recent rapid adjustment of downward trend, but caused a strong market sentiment, conducted before and after chain convergence delay and other issues, the industry's profitability continued to improve still pressure. The tight financial environment, the pressure will continue to increase in second half of this year, the textile industry will continue to enhance the cost of financing, curb investment demand. |
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